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Last Updated: Mar 9, 2010 - 4:18:25 AM |
When opening an account a rule book will be sent to your address.
Dear Sir/Madam,
We have great pleasure in placing before you our
credit starting price rules.These rules are for Credit/Debit/Deposit betting
only and can only be used by clients who have definitely placed on our books.
we must request clients to read them over carefully,
as the acceptance
of these rules and the opening of an account acts as a contract between our clients and ourselves to accept the whole of the following rules in their entirety,and it is only on these terms that an account will be opened or continued.
STARTING PRICE RULES
All previous rules cancelled
These rules are compiled for the convenience of our clients,as it is our ambition to try and ( as far as possible ) avoid disputes and possible complications.
Tattersall's Rules on betting will apply in cases not covered by our rules.All betting done with us must be by telephone only except in cases of private agreements made made by registered letter which hold good untill cancelled again by registered letter.
1.credit Accounts opened £
2
50.00 -upwards weekly.
2.our books are always open on all ante post betting races,whether we send out price lists or not.
3.Clients should note that we reserve the right to refuse the whole or any part of any commission offered to us. No commission can be altered or cancelled once they are executed.
4.Starting price commission accepted for all meetings under jockey club and national hunt rules and also for any other races or events advertised in the national or sporting press.
5.
An owners or trainers selected.-if an owner or trainer has more than one horse entered and only runs one horse .that horse is selected.In the event of an owner or trainer running two horses or more,the horse starting at the shortest price is the selected.In the event of the owner or trainer running two or more horses which start at the same price the backers stake is equally divided on each horses.The race must also be named or time mentioned.
6.Owners' or trainers' selected will be taken as they appear in the
Racing
Post on the day of the race.
7.If the client backs an Owner's or Trainer's selected and does not mention time of the race the investment is VOID.
8.Clients are requested when backing Owner's or Trainer's selected to note that there are different Owners and Trainers bearing the same name and training at different quarters.A client often takes the Trainer's or owners selected when according to the
RACING POST,the trainer or owner has only one horse entered .When this occurs ,the horse will be taken as the trainer's or owner's selected. Any claim regarding any difference which may arise in the following morning's
RACING POST will not be entertained.Clients are warned against taking trainer's or owner's selected from local papers;the
RACING POST will be reckoned the only authority in this case.
9.In the case of a dead-heat,the client loses half his stake money and receives the full odds on the other half.for example :if he has £
1 on a 3to1 chance, he loses half his stake and has 50p going on at 3to1,consequently he wins £
1 on the transaction. The price of the other dead-heater does not enter into the bet. In the event of a dead-heat all bets are divided, whether for singles,doubles or accumulators,and as far as clients' bets are concerned,no dead-heats are now run off.In the event of two horses which have dead-heat running again,the second race is a separate race,and does not in any way interfere with the settling for the race in which they have run a dead-heat.
FAVOURITES
10.Commissions accepted
WIN ONLY for unnamed first and Second favourites:The place part of any each way wager inadvertently accepted will be declared VOID.
In the event of two horses or dogs starting joint favourites they are taken as joint first and second favourites and stakes for either first or second favourites are divided.Where three or more horses or dogs start joint favourites,stakes will be divided proportionately.
Should the favourite or second be withdrawn and insufficient time remains to form a new market,bets on the withdrawn favourite or second favourite will be VOID.
11.Cover to Win bets on favourites where two horses start at the same price, the amount invested remains the same as if there was only one selection,one-half being lost and the other half going on to the full odds e.g. Cover favourite 2.30 to win £
12 and there are joint favourites at 3to1 the total invested remains at £
4,the sum of £
2 is lost and the other £
2 goes on at 3to1, giving a net win of £
4.
Similar procedure will apply to 3 or more at the price.
12.When a client backs a horse by name he will be on the first race in which the horse runs.
13.Each Way betting will be paid on all races where there are five or more runners,whether the favourite starts odds-on or not.
14.Place betting Non Handicaps-one fifth the odds,eight or more runners 1-2-3.One fourth odds five,six,or seven runners, 1-2.handicaps and non handicaps,unless there is special place betting quoted,or when we ourselves advertise special prices for places.Handicaps twelve to fifteen runners One fourth odds 1-2-3. Handicaps sixteen runners or more One Fourth odds 1-2-3-4.less than five runners all stake money goes on to win.
Handicaps,8 to 11 runners 1/5 1-2-3.
Handicaps,12 to 15 runners 1/4 1-2-3.
Handicaps 16 runners or more 1/4 1-2-3-4.
Where a client places a bet Each Way all on to win' and there are less than 5 runners in the first leg, the whole stake money will be invested for a win and the bet will become a win double.
Each Way doubles and trebles and accumulators calculated thus: Win money will go on for a win, and place money will go on for a place,making two separate bets.
If a double,treble or accumulator is given as each way, it will be calculated as above I.E.win to win ,place to place.
Clients requiring each way all each way ( equally divided ) settlement, must make their intentions clear.
15.A walk over will be counted no race, in the event of a horse which has walked-over running later in the same day, the money will be invested on that race.
16.
POSTPONEMENTS.In the event of any meeting or any races being postponed,all bets on these will automatically be cancelled.Clients having made bets on these races wishing to be on when the meeting or races eventually take place, must telephone fresh instructions.This does not apply to ante post bets.
17.
Double Events.In the event of only horse running,it will be reckoned as a single.in the case of accumulators,if only two horses run and it will be reckoned as a double,and paid accordingly.
18.Clients backing jockey's mounts in doubles,trebles and accumulators etc. must time the races. If the jockey does not ride in a race selected by a client,that race will be treated as a non-runner.No notice will be taken of any other race in which the jockey rides.
Clients backing jockey's mounts where the jockey rides in both afternoon and evening meetings, must stipulate the meeting at which they desire to back his mounts.
19.Should a client back a double in which two horses run in the same race the money will be equally divided on the two horses.
20.Clients are requested to note that we accept 'If cash' bets but we must ask all clients to make their instructions perfectly clear.
21.All horse race forecast bets will be settled in accordance with the officially declared S.P. Computer forecast returns.Forecast at Tote or NSL Chart returns will no longer be accepted and if taken in error will be settled at computer forecast returns.
Returns for straight forecasts will be announced by S.I.S.to a £
1 unit,stake
inclusive. As the return is declared after tax and any Rule 4 deductions,no further deductions will be made from these returns.
Where a dual forecast is nominated by the client, the stake will be divided and invested as a reversed forecast.
A forecast which includes a non-runner will be VOID
22.
Tricasts are accepted in horse races where an official return is declared.
(A) Tricast bets are accepted
SINGLES ONLY.
Should a wager be accepted in error for any thing other than a single,the first leg will stand to stake unit indicated and the remaining legs will be declared
VOID.and the over stakes refunded.
(B) Tricasts which include an un-named favourite will be declared
VOID.
(C) Bets will be settled in accordance with the official computer tricast returns.
(D) Should a tricast bet be placed for a race not covered by a tricast dividend, then the wager will be settled as a computer Straight Forecast on the first two selections. In the case of permutation bets,the bets will be broken down and the first two selections in each bet will stand as a computer Straight Forecast.
(E)
NON-RUNNERS. In the event of a client selecting a non-runner in a tricast bet,the wager will be settled as a computer straight forecast on the remaining two selections in the order written.In the event of two non-runners being selected the bet will be settled as a Win single on the remaining selection,
(F) Incorrect cash cover will be settled pro-rata to the correct staking.Any over staking will be refunded.
(G) Tricast are subject to a maximum payout of
£10,000 to any one client in any one day.
23.
Board Prices. We accept bets at board prices ( in races 3 or more runners ) but we reserve the right to rectify any palpable error made by employees or S.I.S.
24. Forecast Doubles are accepted for horse and/or greyhound meetings.
We do not accept forecast trebles or accumulators.Any taken in error will be declared
VOID.
LIMITS
25(A)
LIMIT
SINGLE BETS. £50,000.
LIMIT
.
(B) In doubles,Trebles and Accumulators on horse racing where there is a race by race commentary result service,there will be a limit payable of
£50,000
.
to any client in any one day.
There is a limit of £50,000 for any Ante Post singles,All ante-post accumulative bets are subject to a maximum payout £50,000.
Any wager which combines the same selections by use of a common name will be recognised as being one accumulative wager only, e.g. Mixed Doubles,Yankee,Canadian,Hienz and Accumulators. etc.
(c) On racing
not covered by SIS race to race result service,and all
non
U.K.mainland racing, I.E. South Africa,Dubai,Australian,German, American,French,
with the exception of Northern and Southern Ireland racing, a client may win up to £10,000 at S.P.or parimutuel
or any other price media,on any one day.
Northern and Southern Ireland racing,will be subject to a maximum payout of
£30,000 to any one client in any one day.
(D)
All TRICASTS ( Singles Only ) are subject to a maximum payout of
£10,000 to any one client in any one day.
(E) All football bets will be subject to a maximum payout of
£20,000 to any one client in any one day.
(F) Any bet containing a Greyhound selection will be subject to our Greyhound Rules and governed by our Greyhound limits.
(G) All Irish lottery bets will be subject to a maximum payout £15,000 to any one client in any one day.
(H) All bets on the 49's ( lucky numbers
betting)or any other form of numbers betting
will be subject to a maximum payout £15,000 to any one client in any one day.
(I) Irish lottery or 49's or any other numbers betting selections cannot be combined with any other betting event IE,
(singles only) multiples will be accepted only on 1,2,3,4 numbers on any one draw IE,Irish lottery draw
one, draw
two, or draw
three,or 49s
lunch time draw or
tea time draw and not with any other draw or any other numbers betting event,or any other event, any taken in error will be
VOID.
(J) Please note on both Irish lottery and 49's we do not accept
5 numbers.
(k) Virtual racing ( Steepledown,Portman park,Brushwood,Millersfield,ETC.)
will be subject to a maximum payout £10,000 to any one client in any one day.(Whether singles,multiples,forecasts or tricasts or any bet containing selections from Virtual racing.
(L) All numbers betting
will be subject to a maximum payout £15,000 to any one client in any one day.
(M) All Golf bets
will be subject to a maximum payout £20,000 to any one client in any one day.
(N) Rugby,Tennis,Cricket,Snooker,Darts,Boxing and Motor Racing,
will be subject to a maximum payout £10,000 to any one client in any one day. Any Multiples containing a selection with one of These sports
will be subject to a maximum payout £10,000 to any one client in any one day.
(M) Any other sporting or special events not mentioned in these rules and limits,will be subject to a maximum payout of
£10,000 to any one client in any one day.
26
.Objections. decided according to Tattersall's rules.
GREYHOUND RACING
Each Way Betting, Five Six,or Seven runners one quarter odds (1-2),Eight runners One-fifth the odds (1-2-3),Less than five runners all place money goes on to win.
Where there is a full SIS commentary service (Morning or Afternoon Greyhounds)Bets will be subject to a maximum payout limit of £10,000
,otherwise,
IE Evening Greyhounds
and not covered live by SIS a £5,000 limit will
be the maximum paid to a client in any one day,
Forecst and tricast bets will be settled according to the computer bags forcast and tricast returns.
A forecast which includes a non-runner will be
VOID.
Un-named favourites not accepted in in forecast or tricast bets.
We do not accept duella or quinella-type bets,any taken in error will be
Void.
Forecast (Multiples ) a maximum of
doubles only accepted
NO TREBLES or
upwards accepted any taken in error will be Void.
Tricast
Singles only.( No Multiples )
any taken in error will be Void.
When a race is declared
NO RACE' but re-run later,unless you call your bet off prior to the race being re-run, All original bets will stand.However,when a board price has been laid on the original race the bet will be settled at starting price or a new board price mutually agreed upon.
Bets for favourites or trap numbers must state the race or time and meeting of the race,otherwise they will be treated as
VOID.( Stakes returned, or played up incase of doubles,trebles and accumalators.
Investments accepted for all BAGS/BEGS and N.G.R.C.meetings Where full form is printed in the Racing Post. Clients can mix their investments for Greyhounds ,Horse racing in Doubles Trebles and accumulators,But the Greyhound
limits,will apply.
Where evidence of 'price-rigging',on Horse or Greyhound racing, We reserve the right to settle a Tote bet at S.P.or Vice-Versa.
ARRANGEMENTS.Clients opening accounts cannot commence useing the account till they receive an account number and information from us that they are on our list.
Clients wishing to give authority to another person to place bets on their behalf must first inform us that they are doing so, and the person must be
over the age of 18.
No bets will be accepted from a second party unless this has been done.
No Bets will be accepted from minors,
You Must be over the age of 18. No notice will be taken of any accounts received from Public School Addresses.
SETTLEMENTS. Credit and Trade accounts, a detailed statement is rendered weekly in which a client does business,giving full particulars of the investments.clients are requested to keep each week account seperate,that is to settle the previous account as soon as possible.
Debit card accounts , Audit details can be sent at any time on request.
ERRORS. All accounts should be checked immediatly on receipt and if any error is noted it should be pointed out by telephone as all enquires and corrections are much better investigated and corrected at the immediate time.
TEEPHONE INSTRUCTIONS.
We will not be held responsible for clients errors or omissions.
Telephone instructions are always repeated ,and in case of any dispute (which is impossible,if a client hears his message distinctly called back by the telephonist who takes it ) Clients should never RING OFF until their bet has has been repeated,and if there is a mistake,or they are disconnected before their conversation is finished they should RING UP AGAIN without delay,otherwise any error is at their own risk.
Any disputes,errors or grievances,we will amicably try to resolve.However if you do not get any satisfaction you have the right to ask for the manager to intervene.If still not satisfied, you can ask for a Director and put your case forward. We are a member of
I.B.A.S.( Phone number and address can be supplied by ourselves on request)
who can arbitrate and we will abide by their decision.
Failing all these options you can put your case to the Gambling Commission.
Any to come bets win money goes on first.(Any to come bets on Ante-post and football events are not accepted )
Cover to win bets where no stake is mentioned,the actual racing post paper price will rule.
ANTE-POST
If the same selection is chosen to win 2 or more events in ante-post doubles,trebles and accumulators etc Special odds may be available.These special odds will cancel the accumulative odds calculated from the individual event prices.
Ante-Post bets are accepted on the basis of all-in run or not.Ante-post bets on invitation, sporting and non-sporting events are also subject to this condition.
PLACE BETTING.
Ante-Post place betting will be advertised.Place only and any-to-come bets at Ante-post are not accepted and will declared
VOID if inadvertantly accepted.
Settlement
Accumulative Ante-post wagers are settled on the same basis as starting price wagers,for example:10/1,10/1 double=11x11=121 less stake = 120/1
For each way bets. The place parts in accumulative bets are settled on the same basis as starting prices for example 20/1,20/1 ( 1/4 odds a place)=
6x6=36/1 less stake = 35/1
Under the rules of Ante-Post betting,Non runners are treated as losers and any wager containing a non runner is a loser.
Day-of-race betting.
Wagers accepted at fixed prices on the day of a race are not classified as ante-post and are subject to tattersall's Rule 4 up to a maximum total deductions of 90p in the pound.
VOID BETS
Single ante-post bets,being made before the day on which the race is run,will be VOID if the race is abandoned,declared void,or if the conditions of the race are altered after bets are made or on a horse balloted out under the jockey club rule,but in any such circumstances accumulative ante-post bets will stand and be settled at the ante-post price(s) laid on the remaining selection(s),subject to normal ante-post conditions.
Withdrawals.
In all cases except ante-post,if a horse is withdrawn without coming under starters orders and there is insufficient time to form a new market, a deduction is made from all winnings in accordance with Tattersall's rules as follows.
1/9 or shorter 90p in the £
2/11 to 2/17 85p in the £
1/4 to 1/5 80p in the £
3/10 to 2/7 75p in the £
2/5 to 1/3 70p in the £
8/15 to 4/9 65p in the £
8/13 to 4/7 60p in the £
4/5 to 4/6 55p in the £
20/21 to 5/6 50p in the £
evens to 6/5 45p in the £
5/4 to 6/4 40p in the £
13/8 to 7/4 35p in the £
15/8 to 9/4 30p in the £
5/2 to 3/1 25p in the £
10/3 to 4/1 20p in the £
9/2 to 11/2 15p in the £
6/1 to 9/1 10p in the £
10/1 to 14/1 5p in the £
If over 14/1 the liability would be unchanged.
In the case of two or more horses being withdrawn not under starters done direct-No connection with any other firmorders,the total deductions shall not exceed 90p in the £.
Tote Betting.
Bets at totalisator returns ( except for racing in France, USA,etc.,Where only the Pari-mutual operates) are not accepted and where accepted in error will be settled at SP odds according to the rules.
Limits Of Credit.
Clients must not exceed the agreed limit of credit.
All Business.
We reserve the right to refuse the whole or part of any bet asked for,but if our clients.
IRISH LOTTERY/ 49s .
For up to date odds please phone and ask for our prices on 2,3 and 4 numbers from the six number draw or the 7 number draw.
Under Age Gambling
Demmy Credit takes its responsibilities against under age gambling very
seriously It is against the law for those under 18 to gamble.
Any bets
inadvertently taken from under 18s will be voided and stakes will be
refunded.
ALWAYS GAMBLE RESPONSIBLY.
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